Associate Counsel, Annuity & Life Insurance Product

Prosperity

$180K — $200K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Law degree (J.D. or equivalent) and bar admission required.
  • 7+ years of relevant experience in legal roles within a law firm or financial services.
  • 5+ years of experience specifically with annuities and life insurance products.
  • Experienced in collaborating with Distribution, Actuarial, and Operational functions.
  • Proven ability to strategically plan and manage complex legal initiatives.
  • Strong written and verbal communication skills, especially for executive audiences.

Responsibilities

  • Provide legal guidance on annuity and life insurance product development.
  • Review policy forms and operational guidelines to ensure compliance.
  • Act as a core member of product teams to ensure legal alignment during launches.
  • Ensure regulatory compliance for products and marketing strategies.
  • Identify legal risks and develop strategies to mitigate them.
  • Draft legal documents to support informed decision-making.
  • Collaborate with Distribution on channel expansion and contract negotiations.

Benefits

  • Collaborative and inclusive work environment.
  • Opportunity to join a growing company with empowered teams.
  • Comprehensive medical, dental, and vision coverage.
  • 401(k) company match and Health Savings Account (HSA).
  • Paid time off and employer-paid life and disability insurance.
Full Job Description
About the Role:

We're looking for an Associate Counsel, Annuity & Life Insurance Product to provide legal leadership across the full lifecycle of annuity and life insurance products. The primary role of this individual will be to represent the Legal & Compliance department as a partner to the Product Development & Implementation Team, advising on product design, regulatory compliance, and distribution strategy.

You'll play a critical role in supporting new product launches and ongoing management of in-force business, while identifying and mitigating legal risk in complex, high-impact situations. This position requires a strategic, business-oriented attorney with deep insurance expertise and the ability to influence cross-functional stakeholders.

What You'll Do:

Product Development & Legal Advisory

  • Provide legal guidance on the design and development of annuity and life insurance products


  • Review policy forms, administrative materials, product illustrations, and operational guidelines


  • Act as a core member of the Product Development & Implementation Team, ensuring legal alignment through product launches


Regulatory Compliance & Risk Management

  • Ensure products, marketing, and operations comply with insurance regulations (e.g., suitability, replacements, sales practices)


  • Identify legal risks across complex and ambiguous scenarios and develop practical mitigation strategies


  • Draft legal memoranda, documentation, and recommendations to support risk-informed decision-making


Distribution Strategy & Channel Support

  • Partner with Distribution to support expansion across independent, bank, and broker-dealer channels


  • Draft and negotiate selling agreements and related distribution contracts


  • Provide ongoing legal support for channel-specific regulatory and operational considerations


Inforce Product & Ongoing Legal Support

  • Advise on legal and compliance matters related to in-force annuity and life insurance blocks


  • Support resolution of product-related legal issues as they arise across the business


Cross-Functional Partnership & Governance

  • Collaborate closely with Product, Actuarial, Compliance, and Operations teams to align legal guidance with business objectives


  • Partner with the Deputy General Counsel, General Counsel, and broader Legal & Compliance team on key initiatives and regulatory responses


  • Participate in business meetings to proactively identify legal considerations and support execution timelines


What You Bring:

  • Law degree (J.D. or equivalent) and bar admission required, with practice and knowledge annuities and life insurance products.


  • 7+ years of relevant experience either with a law firm, insurance company, or other financial services institution.


  • 5+ years of progressive experience in annuities and life insurance products.


  • Experience working closely with Distribution, Actuarial, Product Filing and Operational functions.


  • A strategic end to end view in organizing and planning work or initiatives and ability to deliver exceptional results and outcomes that involve managing or influencing others.


  • A mastery of both written and oral communications with the goal to provide concise, clear messaging to persuade the audience, especially at the executive level.


Core Competencies

  • Insurance Product & Regulatory Expertise: Deep knowledge of annuity and life insurance products and associated regulatory requirements


  • Legal Risk Assessment & Mitigation: Ability to identify, assess, and manage legal risks in complex, high-impact business scenarios


  • Product & Distribution Advisory: Expertise supporting product development and multi-channel distribution strategies, including contract negotiation


  • Executive Communication & Influence: Communicates complex legal concepts clearly and provides persuasive, actionable guidance to senior stakeholders


  • Cross-Functional Collaboration: Strong partner across Product, Distribution, Actuarial, and Compliance teams to align legal and business objectives


  • Strategic Execution & Judgment: Brings a proactive, solutions-oriented mindset with the ability to manage multiple priorities and deliver results


What We Offer:

  • A collaborative, inclusive environment that values authenticity, accountability, and partnership


  • The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what's next


  • A variable compensation package with a base range of $180K-$200K


  • A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer-paid life and disability insurance


  • This role is based in either our Austin, TX or New York, NY offices. The company may consider remote or hybrid work in certain situations


Similar Jobs

More Jobs at Prosperity

More Legal & Accounting Jobs

Find similar Associate Counsel, Annuity & Life Insurance Product jobs: